Fundamentally strong stock, great order book and could grow even more going forward.
Technically the stock is forming a high tight flag.
Long above 1830 (5%) and then again above 1950 (5%).
SL Below 1680.
This scrip was posted in this platform on 29th June and it given nearly 45-46% retuns in just 15 days. I hope all our members had benefited from this post. Kindly like and share it to your friends and needy people. Thanks to all.
This scrip was posted today and see the result it made high of nearly 8% returns in one trading session. If it is really helpful to you, kindly share it to all your friends and to the needy people. Our wish is to help our members to earn money from the stock market. Thank u to all our members.
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Buy at CMP 776 or in the range of (765-775)
Chart features :-
1. Flag & pole breakout.
2. Fibo support of 0.236
Additional feature of increase in sales since a couple of quarters.
Target of 900 in short term with risk reward of 1 : 2.36
Stock is in a bullish trend. Increasing delivery volume indicates also indicates bullish bios. It is likely to break the wedge pattern in the near term. Closing above 731 will confirm the breakout. We can expect a wedge pattern target of 875 in the mid-term.
Steel Strips Wheels Ltd. engages in the manufacture of wheel rims. Its products include steel wheels and alloy wheels. The company was founded in February 28, 1985 and is headquartered in Chandigarh, India.